October is the time period that sets the harvest price for crop insurance for the fall harvested crop. “Corn is up over 16 precent from where the base price was set,” reports Rich Morrison, vice president of farm services, NAU Country. “Soybeans are down about four percent from the base price; sunflowers are up about five-to-six percent from the base price set this spring.” Soybeans have had a revenue decline since the spring base price was set while corn has seen a price increase. “With corn, you would have to have a bushel loss because of the increase in price in order to have a revenue loss, but soybeans could see some revenue losses without much of a drop in yield.”
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